Oracle Corporation (NYSE:ORCL) achieves FedRAMP provisional authority to operate, Baxter International Inc. (NYSE:BAX), Aviat Networks, Inc. (NasdaqGS:AVNW)

Oracle Corporation (NYSE:ORCL) achieves FedRAMP provisional authority to operate. Oracle Service Cloud has received a Federal Risk and Authorization Management Program, or FedRAMP, moderate provisional Authority to Operate, or p-ATO, from the Joint Authorization Board, comprised of the Chief Information Officers of the U.S. Department of Homeland Security, U.S. Department of Defense, and U.S. General Services Administration. The closing for ORCL was $ 41.11 at the day’s end and at mid day Tuesday, it was trading at $41.20. ORCL saw an intra day market cap of $ 182.57B and its Trailing P/E was 17.08.

 

 Baxter International Inc. (NYSE:BAX) to divest Vero cell vaccines platform to Nanotherapeutics. Baxter International (BAX) announced that it has entered into a definitive agreement to sell its proprietary Vero cell technology and related assets, including its production facility in Bohumil, Czech Republic, to Nanotherapeutics, Inc. Financial details were not disclosed. The agreement with Nanotherapeutics includes all assets related to the platform, including vaccines for H5N1, H1N1 and seasonal influenza. The agreement also includes investigational vaccine programs for Ross River virus, Chikungunya disease and West Nile virus. In recent weeks, the company has also completed the sale of its commercial vaccines business and related manufacturing facilities to Pfizer (PFE). BAX is part of the Healthcare sector in Medical Instruments & Supplies industry. The stock closed for the day at $ 71.10. BAX is trading at $ 72.00 at mid day on Tuesday, with a change of  $0.90 (1.27%) and an average volume of 2,904,260.

 

 Aviat Networks, Inc. (Nasdaq:AVNW) announces multi-year contract renewal with Safaricom. Aviat Networks announced a new multi-year supplier agreement with Safaricom, a mobile operator in Kenya. Aviat, as a preferred supplier, will support Safaricom in the modernization and capacity expansion of its microwave backhaul network leveraging the Eclipse radio installed base and further optimize performance using IP networking technology. AVNW closed for the day at $ 1.36 with a change of $ 0.06 . AVNW’s trailing 12 month’s profit margin is -12.67% and for the same period, its operating margin is -10.22%.